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Chavez says Venezuela will not raise gas prices
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E-mailMade Popular Jun 28 2008
Venezuela :
President Hugo Chavez says Venezuela has no plans to raise state-subsidized gasoline prices anytime soon.
Gasoline is cheaper in Venezuela than almost anywhere in the world, selling for as little as 12 cents a gallon.
Chavez on Friday pledged to maintain fuel subsidies as a matter of “sovereignty” for the oil-producing nation.
Gasoline prices haven’t changed there for years, and many Venezuelans consider cheap gas a birthright. Hours-long traffic jams clog cities including Caracas, where fuel-guzzling sport-utility vehicles are common.
© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Grace Calderon
Jun 28 2008
Quezon City,
Philippines
If Venezuela can do it, why can’t others? Where lies the rub?
Comment Link
(Global Perspectives)
Venezuela has large reserves of Oil.. So does Iran, and in Iran, the Oil prices are lower than that of a bottle of mineral water. Countries which import Oil are the ones that face the brunt of raising oil prices. And Venezuelans have a right to cheap Venezuelan oil! We don’t!
(Global Perspectives)
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